Vol 3 Chapter 31: ,ended

As soon as Bulgaria's coast defense battleship was born, it was favored by the Admiralty, and five orders were placed in one breath. Unfortunately, Ferdinand was directly rejected here!
Just kidding, the age of Dreadnoughts is coming! Although the performance of this coastal defense battleship is good, and it has the same combat effectiveness as the old battleship, in addition to running away from the fearless ship, the decisive battle is basically a delivery!
In theory, if there are five or six ships, they can still compete with a fearless ship. Of course, Ferdinand will not do this as long as he is not stupid!
The battle between the defensive battleships and the fearless ships is not only costly, but it is also a joke on the lives of naval officers and soldiers!
In fact, now Ferdinand has decided not to continue building new warships except small warships! He planned to wait for the British Dreadnoughts to come out and wait and see if he could make further progress.
Now that the British have not joined the Allies, this is the time when the French need their allies most. Now they will ask the French for help. They will not refuse, especially to enhance their military strength! & 1t; i> & 1t; / i>
The strength of the German-Australian-Italy Alliance is now more than two countries compared to France, Russia, and Russia. However, they have gone to the Far East to work hard, and they have to die with the Japanese. The pressure of the French on the European 6 can be imagined. Know!
In the history of the Russian naval industry, it was only with the help of the French that they could successfully overcome the technical difficulties of the fearless ship. Ferdinand would not mind learning!
Although Bulgaria is still a six-powered country, for long-term planning, the navy is also an essential part of Ferdinand's strategy!
Even if it can't be compared with several major powers, if it is second only to the previous ones, and can protect Bulgaria's overseas business investment, it can't always be covered by the relationship of allies, right?
First, the Bulgarian-Russian alliance, and then the "three-nation agreement", can't you always follow the allies buttocks? After a long time, does Bulgaria still need international status? & 1t; i> & 1t; / i>
...
Time passed in a hurry, entering 19o7 in a flash, at this time the Japanese-Russian war had come to an end.
Both the Japanese and the Russians are exhausted. Due to the use of new weapons, the military expenditures of both sides are far behind in history.
Now that both sides can't stand it, of course, it is necessary to negotiate. The British and the French have shown promising performance.
The French need the Russians to share the pressure on Europe's Big Six; while the British have left out strategic considerations, and they are afraid of continuing economically, the Japanese will really not be able to pay their debts!
Originally in time and space, after the Russo-Japanese War, the Japanese government's foreign debt reached 2.4 billion yen (approximately 24576 million pounds, 1 yen = o.75 grams of gold), and now they have owed the British people as much as 360 million. British pounds, and the money owed to Americans is 90 thousand pounds!
& 1t; i> & 1t; / i>
The total debt of the Japanese government has now reached nearly 500 million pounds. Now the Japanese government has to pay more than 80 million pounds in annual interest payments alone!
No way, whoever allows the Japanese to borrow during the war is an international usury, of course, the interest rate will be high, so the consortium will not care if the Japanese government can afford it!
Not to mention the Japanese government, even the British government cannot afford such high interest! Can the Japanese government's fiscal revenue now pay interest?
Ferdinand said that he was very worried for the Japanese. Due to his butterfly effect, the Japanese military expenses almost doubled, and the interest expenses more than tripled!
After Ferdinand had no way to ignite the bond fire, the consortium in London now used the bond to rob the fire, which is higher than the loan, and the bond can also be sold to individuals to facilitate the transfer of risk. I have suffered! & 1t; i> & 1t; / i>
In the past, interest-free loans and low-interest loans were all gone, and the rest were all usury bonds. In the old saying of the East, "nine out of thirteen and return"!
No, the Japanese government can't get 10% off, and even 20% off, but it seems that the 13th return is coming soon!
It was not until the late period that the consortium suddenly appeared to be playing hi. The Japanese government seemed to have no ability to pay back the money it had collected!
This can scare the London government. They are the guarantors of the bonds. If the Japanese do n’t have the money, the British people who bought the bonds are looking for them!
As for the consortium, of course, it is the same as Ferdinand. After being aware of the danger, the golden cicada hulled?
The bonds have been sold to individuals in advance. Anyway, there is a guarantee from the London government. Everyone once again blows business. It is enough for the people! & 1t; i> & 1t; / i>
With the joint efforts of everyone, the Japanese-Russian negotiations officially started in Shanghai on February 12, 19o7. According to Ferdinand's knowledge, the negotiations were deadlocked from the beginning.
The Japanese also expect to receive war compensation from the Russians to pay off their foreign debt.
Unfortunately, after the victory of their navy, the performance of the 6th Army can only be said to be quite satisfactory. In order to win the Lushun Port, under the cover of the naval guns, the number of casualties of the 6th Army still exceeded 100,000!
Later, the Japanese battled again in Liaoyang, and the result was even worse. The bears that had already been slowed down were not so good at dealing with it. The Japanese 6th Army played a lot of milk, and the two sides also tied. Japan and Russia each suffered more than 100,000 casualties, and ended up with both defeats!
The Russians were not the only ones who could not be beaten. They fought back whenever possible. It is a pity that the commanders of the Russians in the Far East are not good at it, and they have repeatedly attacked the fighter several times! & 1t; i> & 1t; / i>
Many of the plans that were planned in advance always fell off the chain at the last moment, but let the Japanese army find an opportunity to hit them by surprise!
After more than three years of fighting and killing like this, the number of casualties in Japan and Russia was in the hundreds of thousands, but the 6 Japanese and Russian armies still did not separate the victory and defeat!
With the characteristics of a bear, you can't even think about things you can't get on the battlefield! Anyway, the tsarist government believes that the Japanese have run out of oil, so just go ahead!
In fact, this is indeed the case. What about Japan's standing army? Now the number of casualties on the Far East battlefield is suddenly 500,000, and the number of domestic mobilization has already passed one million long, but victory is still far away!
The Japanese are upset, and the Russians are upset. The Japanese government has high debts, and where can the Russian government go? & 1t; i> & 1t; / i>
Everyone is borrowing money to fight. The French are willing to lend money to the Russians to expand their armaments, but this does not mean that they are willing to support the Russians' Far East strategy. They are now urging them to return to Europe 6?
How to fight without money? This is a common issue facing both Japan and Russia, so the two sides contacted each other in shame, and no one could compromise the other. In the end, they simply maintained the status quo!
Now it's time for Niu Niu to wave. Under the diplomatic mediation of the British, the two sides decided to take a step back each other. They said nothing about their interests. According to the "Portsmouth Peace Treaty" before the war!
To sum up, Japan and Russia pk one game in the Far East, each injured 500,000 to 600,000 soldiers, and then fought in vain, and everything returned to the origin!
In addition to winning a victory over the Japanese, the Japanese also added more than four billion pounds of foreign debt (that 500 million foreign debt, including the previous debt), but in the history of dominating the Northeast, do not think about it! & 1t; i> & 1t; / i>
The Russians couldn't help it. Although the class conflict in their country was eased due to Ferdinand's butterfly effect, the internal losses caused by this revolution were much smaller, but the military losses were much larger. Offset each other!
Economically, similar to the Japanese government, everyone is in debt. Better than the Japanese government, even though they have more debt, they have to pay much less interest!
In this regard, the French allies are more kind than the British, which is also caused by the gap between the two sides! France and Russia are equal, but Britain and Japan are not a grade!
The Far East pattern that the British most hoped for has emerged. Japan and Russia have both defeated and are unable to compete in the Far East. The British have once again become a strategic big winner!
Oh, Ferdinand's purpose has also been achieved. He has always looked down on the Japanese government, and this time he was stabbed by him. & 1t; i> & 1t; / i>
Even if the casualties are lost, even if it doubles again, it is estimated that they will not feel bad!
However, the military expenditure caused the Japanese government to collapse soon. With the current fiscal revenue of the Japanese government, to repay foreign debt, as long as one way is to borrow new debt to repay old debt!
When will it be paid off, Ferdinand will not know, maybe after World War I, or even later, but don't think about them if they have the status they have in history!
Strategically, although the Japanese successfully smashed the Russian Far East strategy, the strategic goal of dominating the Northeast is now impossible to achieve, and they even have no power to suppress Manchu!
Anyway, the market they want is gone, and it is even more difficult for them to develop industries!
The most important thing is that Bulgaria's debt crisis no longer exists, and the obscure Black Sea Fleet is gone, and the control of the Marmara Sea is in Bulgaria's hands!
And the Russians can no longer suppress the Bulgarian show! Although the Tsarist government did not suppress the Bulgarian exhibition before, Bulgaria was too weak at that time, and it was still surrounded by enemies. It was not worth their suppression!
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If Bulgaria had the current strength before, the relationship between Bulgaria and Russia would not be so wonderful!
But now it's different. The weak nature of Russia has been exposed. Facing the military pressure of Germany and Austria, the Tsarist government was a bit overwhelmed. They had to draw Bulgaria to share the military pressure!
In addition to the gains at the national level, Ferdinand also has a bumper harvest in the financial market!
He successfully made use of the prophets and knocked the Japanese fiercely, and the number was in the millions of pounds!
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